PhiLaNa: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PhiLaNa
Largest movements
- Tangible fixed assets -€21,438
down €21,438 (-3.4%), from €625,039 to €603,602
of which Land and buildings: -€13,333
- Receivables within one year +€20,125
up €20,125 (+7.3%), from €275,257 to €295,382
of which Other amounts receivable: +€93,087
- Cash -€17,752
down €17,752 (-29.5%), from €60,176 to €42,424
mainly Debts after one year (-€40,827) and Receivables within one year (-€20,125)
- Debts after one year -€40,827
down €40,827 (-13.8%), from €296,817 to €255,989
- Reserves +€21,087
up €21,087 (+3.7%), from €572,591 to €593,678
of which Distributable reserves: +€21,087
- Staff costs -€64,033
down €64,033 (-100.0%), from €64,033 to €0
- Gross operating margin -€31,557
down €31,557 (-26.3%), from €120,036 to €88,479
- Write-downs +€24,612
new in 2025: €24,612
- Financial income +€2,962
up €2,962 (+473.4%), from €626 to €3,588
- Financial charges -€1,361
down €1,361 (-15.7%), from €8,654 to €7,293
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €974,225 | €949,722 | -€24,504 | -2.5% |
| Fixed assets | 21/28 | €625,039 | €603,602 | -€21,438 | -3.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €625,039 | €603,602 | -€21,438 | -3.4% |
| Land and buildings | 22 | €602,640 | €589,307 | -€13,333 | -2.2% |
| Plant, machinery and equipment | 23 | €20,758 | €13,496 | -€7,262 | -35.0% |
| Furniture and vehicles | 24 | €1,641 | €798 | -€843 | -51.3% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €349,186 | €346,120 | -€3,066 | -0.9% |
| Amounts receivable after more than one year | 29 | €13,753 | €8,314 | -€5,439 | -39.6% |
| Other amounts receivable | 291 | €13,753 | €8,314 | -€5,439 | -39.6% |
| Amounts receivable within one year | 40/41 | €275,257 | €295,382 | +€20,125 | +7.3% |
| Trade receivables | 40 | €259,085 | €186,124 | -€72,962 | -28.2% |
| Other amounts receivable | 41 | €16,171 | €109,258 | +€93,087 | +575.6% |
| Cash at bank and in hand | 54/58 | €60,176 | €42,424 | -€17,752 | -29.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €974,225 | €949,722 | -€24,504 | -2.5% |
| Equity | 10/15 | €591,191 | €612,278 | +€21,087 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,591 | €593,678 | +€21,087 | +3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,969 | €47,969 | = | 0.0% |
| Distributable reserves | 133 | €522,763 | €543,849 | +€21,087 | +4.0% |
| Provisions and deferred taxes | 16 | €19,046 | €19,046 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,046 | €19,046 | = | 0.0% |
| Pensions and similar obligations | 160 | €19,046 | €19,046 | = | 0.0% |
| Amounts payable | 17/49 | €363,988 | €318,398 | -€45,590 | -12.5% |
| Amounts payable after more than one year | 17 | €296,817 | €255,989 | -€40,827 | -13.8% |
| Financial debts | 170/4 | €296,817 | €255,989 | -€40,827 | -13.8% |
| Amounts payable within one year | 42/48 | €67,171 | €62,408 | -€4,763 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €39,980 | €40,827 | +€847 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €15,883 | €11,044 | -€4,840 | -30.5% |
| Suppliers | 440/4 | €15,883 | €11,044 | -€4,840 | -30.5% |
| Taxes, remuneration and social security | 45 | €11,308 | €10,537 | -€770 | -6.8% |
| Taxes | 450/3 | €7,808 | €7,537 | -€270 | -3.5% |
| Remuneration and social security | 454/9 | €3,500 | €3,000 | -€500 | -14.3% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €64,033 | €0 | -€64,033 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,161 | €22,622 | +€461 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,612 | +€24,612 | |
| Other operating charges | 640/8 | €7,901 | €7,180 | -€721 | -9.1% |
| Gross operating margin | 9900 | €120,036 | €88,479 | -€31,557 | -26.3% |
| Operating profit (loss) | 9901 | €25,941 | €34,066 | +€8,125 | +31.3% |
| Financial income | 75/76B | €626 | €3,588 | +€2,962 | +473.4% |
| Recurring financial income | 75 | €626 | €3,588 | +€2,962 | +473.4% |
| Financial charges | 65/66B | €8,654 | €7,293 | -€1,361 | -15.7% |
| Recurring financial charges | 65 | €8,654 | €7,293 | -€1,361 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €17,913 | €30,360 | +€12,447 | +69.5% |
| Income taxes | 67/77 | €8,096 | €9,274 | +€1,178 | +14.5% |
| Profit (loss) for the period | 9904 | €9,817 | €21,087 | +€11,270 | +114.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,817 | €21,087 | +€11,270 | +114.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.